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What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!
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Let’s dive in.
Friendtech team renounces their contracts on Base. Frontend still works but it seems like the team have decided to stop all work on the app as we know it. My guess is that they are continuing to work on Friendchain, but no confirmation as of yet.
New Listings
$GRASS listed on Aevo pre-market
$NEIROETH listed on Binance futures
$BSW listed on Binance futures
$QUICK listed on Binance futures
$JTO, $ETHFI listed on Bithumb spot
$POL listed on Bybit futures
ZKsync ($ZK) added to Coinbase roadmap
Polygon Ecosystem Token ($POL) listed on Coinbase spot
CATI ($Catizen) listed on OKX spot
$BIGTIME listed on Upbit spot
DeFi
Trump-backed defi project, World Liberty Financial, clarifies they're working with Aave and are not "just another hostile fork”
TRUMP-BACKED DEFI PROJECT TO BE BUILT ON ETHEREUM AND AAVE — db
Eigen Foundation announces EIGEN Season 2 Stakedrop, claims to go live on or before September 17, 2024
Clusters.xyz announces 1-click clusters, enabling one universal name across multiple chains and ecosystems
Grass.io airdrop checker live
Polymarket election market manipulated to push Trump odds down
Woo X launches social trading features, including a countertrade option
DefiLlama launches Llama Feed
Celestia reveals community roadmap
L1, L2, & Infrastructure
Japan megabanks to tap blockchain and SWIFT for instant trade payments
Binance to add support for fixed rate loans
Telegram chats (even private ones) are no longer private
ETH’s year-to-date performance is currently in the negative
Tron, Tether and TRM Labs start financial crime fighting force
Scaling Base
Avalanche 9000 upgrade
Bitcoin/ETH ETFs
Bitcoin spot ETFs saw a $706M net outflow, with no inflows across all 12 ETFs
Ethereum Spot ETFs saw a $91M net outflow, led by $111M withdrawals from Grayscale's ETHE
VanEck announced today that it plans to close and liquidate its Ethereum futures ETF (EFUT)
Rules & Regulations
SEC CHARGES CRYPTO-FOCUSED ADVISORY FIRM GALOIS CAPITAL FOR CUSTODY FAILURES — db
CFTC Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading
The order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged
Kamala Harris campaign confirms they are not directly accepting crypto donations, despite claims
Durov comments on recent events
Ripple co-founder one of Kamala Harris' corporate endorsers, despite SEC troubles
TRUMP HUSH MONEY SENTENCING DELAYED UNTIL AFTER ELECTION
Rugs & Exploitations
DAI Security PSA for wallet providers, block explorers, and users
Penpie exploited for $27M and Pendle is not affected
Reads & Tools
How to break into Web3 — Bobby Ong
Token2049 Food Guide — Fisher8Intern
North Korea targeting crypto ETF companies and employees — FBI
An NFT lender just got hit with a huge batch of defaults for a ~$500,000 loss on 53 Chromie Squiggles and 343 Friendship Bracelets
Disclaimer
The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.
Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.